The New York Herald Newspaper, November 26, 1869, Page 6

i NEW YORK HERALD BROADWAY AND ANN STREET. JAMES GORDON BENNETT, PROPRIETOR. All business or news letter and telegraphic despatches must be addressed New Yorke Herarp. Letters and packages should be properly sealed. Rejected communications will not be re- turned. ; Volume XXXIY, AMUSEMENTS THIS EVENING. WOOD'S MUSEUM AND M ner Thirtieth st,—Matinee daily. BOWERY THEATRE, Bowery.—THE Tuner tip MEN— ASSASSIN OF THE ROOKS—THZ DARBER AND BRAVLE. WALLACK'S Broadway and ith street. — HoME—A REG ACADEMY OF MUSIC, ith street.—I1ALIAN OPERA— WItiaM TELL. FRENCH THEATRE. Mth st. and 6th av.-LoNDON; om, Lights AND SHADOWS OF TBE GuEarT Cry. ANY, Fourtes street.—Tur HANLON THE TAM) Broruens, £0. GRAND OPERA HOUSK, corner of Eighth avenue and Md aireei.—TuE BomeMIAN Gini, ROOTH'’S THEATRE, 28d Tne Dowestic DRaMa beiween Sth ang 6th ava— v WARNER, OLYMPIC THEATRE. way.—Tux Lost WILL— Tar Lorrery Ticker, FIFTH AVENUE THEATRE, Fifth avenue and 24th st.— Evrnysopy's FRIEND. NIBLO'S GARDEN, Broaaw: or Fink FLY. —Tar Mi.trary DRAMA MRS, F. B. CONWAY'S PARK THEATRE, Brooklyn.— APTEX Dank. BROOKLYN ACADEMY OF MUSIC.—Trokur-or-LEavE AN. TONY PASTOR'S OPERA HOUSE, 91 Bowery.—Comio Vooatisu, NEGRO MUNSTRELBY, &¢. THEATRE COMIQUE, 51 Broadway.—Comio Vooai- 16M, NEGRO AvTs, &C. BRYANTS’ OPERA HOUSE, Tammany Building, 14th st.—Beyanis' MINSTRELS, SAN FRANCISCO MINSTRELS, 585 Broa !way..—-ETu10- PLAN MinsTRELSY, Ne@Ro ACTS, &o. NEW YORK CIRCUS, Four' AND GYMNASTIC PERFORMAN a street, EQUESTRIAN ac. STEINWAY HALL, Fourteenth street—Br2on's Porm, “Manreep.” HOOLE MINSTRE! Brooklyn. -Hoo1ry'’s Huatep Down, S OPERA HOU NEGRO KCCENTRICITIES E ART GALLERY, Fifth avenue and 14th | BITION OF Tox NINE MUSES. NEW YORK MUSEUM OF ANATOMY, 615 Broadway.— ROIENOE AND ART. EW YORK MUSEUM OF ANATOMY, MALES ONLY IN ATIENDANOR. TRIPLE #1BYy November 26, 1559. New York, Frida: ne THE NawWws. Europe. By special telegram from Madrid, through che French Atlantic Cable, we learn thai the republican members of Cortes accuse the government of having provoked the Jafe revolutionary movement for interested purposes, but ceclare they will return to their seats in Cortes. The constitution for Porto Rico was read in Cortes, The repnodlicans desire a union between Spain and Portugal. The London Times advises the Spaniards to ele- vate one of their more distinguished countrymen to the throne, asking “why Spalo shoald not have an upatart dynasty as well as France or Sweaen.”” The Empress of France 13 expected in Paris on the 2d of December. The specie in the Bank NEW. YORK HERALD, FRIDAY, NOVEMBER 26,' 1869—TRIPLE SHEET. two years ago from the same motive. "a injuries are deemed very critical by his surgeons, and his recovery 1s @ matter of sertous doubt, Evacuation Day was celebrated yesterday with considerably more ardor than usual of late years, ‘The wilttary and the fremen paraded and the public buildings were decorated with fags. The vessels of the navy which Rave been keeping watch over the Spanish gunbosts were: released yesterday, and Marshal Harlow placed an armed tug—the Martin Kalbdeisch—to watch them. Work was resumed upon them by permission of District Attorney Pierrepont. ‘A stay of proceedings in the Erie Railway litigation has been granted by Judge Balcom, Justice of the Supreme Court in Oneida county, and a counter suit has been entered by the Erie Railway agaivst Mr. Ramsay, which was heard before Judge Beraard yeaterauy. Collector Grinnell, District Attorney Pierrepont, the Supervisor and the Naval Officer of the port held a private conference at the Custom House yesterday in reference to the recent frauds, and to ix upon & time and a method in which to institute proceedings against the defaulting parties, It was decided tuat there shoud be no secret compromises. The further hearing in the great blackmailing case Was postponed yesterday until Monday owing to the absence of Judge Hogan. z ‘The Grand Jury in Brooklyn bave accumulated evidence against a number of persons implicated in the election frauds. * Mrs. Anole Mead, of Brooklyn, .who recently brought suit against J. M. Gould for alleged seduc- uon, in which it was stated that Gould was acting at the instance of her husband, brought sutt in the ity Court of Brooklyn yesterday against Spencer S. Mead, her husband, for a separation and alimony. She testifled that her husband treated her brutally and had left her without means of support, although he was @ salesman in Stewart's et $1,000 a year. Judge Thompson granted her application, with en allowance of ten dollars a week alimony. The Inman ine steamship City of Washington, Captain Jones, will leave pier 45 North river at twelve o’clock M. to-morrow for Queenstown and Liverpoo}. ‘The mails for Europe will close at the Post Office at ten o’clock A, M. on Saturday, 27tn instant. The National line steamship England, Captain Grigs, will sail from pier 47 North river at ten o’clock to morrow morning for Liverpool, calling at Queens- town to land passengers. The steamship Caledonia, Captain Ovenstone, of the Anchor line, will leave pier No. 20 North river | at twelve o’clock M, to-morrow for Glasgow, touch- ing at Londonderry to land passengers. The General Transatlantic Company’s steamship Lafayette, Captain Roussan, will leave pier No. 50 North river about nine o'clock to-morrow morning for Brest and Havre. The mails for Fraace will close at the Post Office at elght o'clock A. M., 87th inst. The steamship United States, Captain Howes, of the Mercuants’ line, will leave pier No. 12 North river at tures o’clock & M. to-morrow (Saturday) for New Orleans direct. , The stock market yesterday was wuregular and feverish. Gold declined to 12k, the lowest since 1863. Prominent Arrivals in the City. General James McQuade and F. 8. Faxton, of Unca; C. H. Therrill, of Washington; Judge George Green, of lowa, and H. M. Drane, of North Carolina, are at the St. Nicholas Hotel. C. T, Hulburd, of Brasher Falls, and C, March- mout, of Quebec, are at the Astor House. G. L, Dickson, of Scotiand; J. Hardenburgh, F. L. Laflia, F.C. Saydam and T. Cornell, of New York, and E. Bigelow, of Massachusetts, are at the Metro- politan Rotel. Dr. Edward Warren and Henry Clay Dallain, of Baltimore, and S. Q. Washington, of Washington, are at the New York Hotei. Colonel E. B, Dow, of Boston; Ward Wheeler, of New Rochelle, and James W. Cox, of San Francisco, are at the Westminster Hotel. C. P. Patterson, of Washington; J. F. White, of Chicago; J. W. Leach, of Onio, and J. Morrell, of Philadelphia, are at the Everett House. Captain Babcock and Paymaster Torbert, of the United States Navy, and W. G. Prescott, of Boston, are at the Hoffman House, of Engiand decreased during the week, whiie the amount in the Bank of France increased by almost 13,000,000 francs. The London journals continue to canvases the condition of the United States’ finances and the question of a return to specie payments. One ofthe Irish polttical prisoners has been elected a member ofthe British Parliament. feligious exer- cises preliminary to the Council nave been com- menaced in Rome, The opening of the Suez Canal has already depre- ciated English freights from India and China by the Cape of Good Hope, seriously. Toriota, No news of the release of the steamer Teiegrafo at Tortola has been received at Washington. On the Contrary, proceedings are reported tw have been sommenced against her. St. Domingo. Baez, it is stated, consulted with his Ministers rela- tive to the proposed annexation of St. Vomingo to the United States, and they unanimously agreed to the project. Judge O'Sullivan, Senator Cole and Minister Hollister, of Hayti, bad an interview with President Grant yesterday, and laid this fact and others of interest before him. Late advices from the island report the defeat of the Insurgents. In view of a possible overthrow of Sainave in Hayti it has been suggested that Minister Basset be instructed to cultivate amicable relations with the revolution- tats under Vil Lubin in order to save Baez and St. Domingo from the effects of their hostility. Miscellaneous. ‘The fepndlican State Convention in Virginia yes terday adopted an address to Congress, by a vote of 123 to 21, secting forth that the Jate election was carried by fraud and intimidation, and that the Legislature is disioyai and illegal, and asking that a new election be ordered. | A national labor convention of colored men is to ve | held in Washington on Monday tbe 6th prox. White delegates will be present among the colored ones, and also female del“gates from New York and Ruode Isiand. General Butler aud Senator Wiison are to address the meeting. Mr. Eawin Beicher, a colored man and an asseasor of the Thira Georgia (Augusta) district, writes to the Interna) Revenue Bureau in Wasbington that James B, Wilson, an assistant collector in Taltaferro and Wilkes counties, has been driven from his office by a note, somewhat in the order of the warnings issued by the late Ku Klux Klan, ordering him to leave the country. His oMce was broken open, nis books and papers stolen and the note left on his desk, A little girl nine years old was oytraged by a man Qamed Schepmons near Eljen¥ilie, vister county, N. ¥, on Satirday eyeD%hg, She waa,found by her father and his neighvors about midnight, terribly mutilaied, out stil: living. On Sunday the news reached Ellenville, and divine service in the churches was stopped to enable the enraged citi- zens to hunt the villain, He was finally captured, confessed the crime and on Tuesday was sentencéd to fifteen years in the State Prison at Sing Sing. The one hundred and fiftieth anniversary of the First Presbyterian church tn Orange, N. J., was cele. brated yesterday. The Canadian volunteers have offerea their ser- vices to suppress the rebellion im the fed River country. ‘The famous Crédit Mobilier case in Harrisburg, Pa., Was concluded yesterday with a verdict allow- ing the State $407,482, The Centenary Convention of the Universaliats of New York State, held at Auburn, adjourned sine die yesterday. Mike McCoole has again challenged Tom Allen to Hght for the championsnip, this time for fan or o supper, a6 Allen claims ne cannot get fair pinay when | they fignt for money, The City. A. D. Richardson, formerly war correspondent of | the New York Tribune, and at present connected with the editorial staff of that journal, was shot about half-past five o’clock jast evening, by Mr. McFarland, while standing in the 7ritune Phos; ing ofice, The eawse of the dimonity is ward to have Prominent Departures. Ira Harris, for Albany; A. ©. Barstow, for Provi- dence, and Miss Anna Dickinson, for Philadelphia, General Grant on the Cuban Quéstion— The Rights of a “People’—The Case of Mexico. The President of the United States, in order- ing the seizure at this port of the thirty gun- boats built for the Spanish government, com- mands the universal public sentiment of the country as an act of even handed justice on the score of neutrality. It places the adminis- tration in an impregnable attitude before the world on the broad interpretation of Ameri- can law; for by our neutrality laws not only is prohibited the fitting ‘out of any vessel for war against a State with which we are at peace, but the fitting out of any vessel intended for war against any “‘district, colony or people” with which we are at peace. The President, therefore, in the seizure of these gunboats simply recognizes our obligations of neutrality to the Cubans as a ‘‘people” while enforcing our obligations toward the State of Spain. In the affidavit of Ignacio Alfaro, upon which this seizure has been made, he declares | Substantially that he is satisfied that these thirty gunboats are intended for war by Spain against the people of Cuba, with which we are at peace, and that they are also to be used in hostilities against the government of Peru, a friendly Power in its relations towards the Jnited States. He also represents that the people of Cuba have thrown off the govern- ment of Spain, and that they hold by war against that government the greater part of the island, and that in this capacity as a “people” they have their claims to the inter- vention asked in ‘reference to these thirty gun- boats. Upon this “‘libel of information,” as it is legdlly called, the ships have been attached by direction of the President, and under the onder of Undge Baits, of, the vere States District Court, the United States Mar- shal isto hold said gunboats subject to the further orders of the court, but subject first to trial on the 14th day of December next in said court “‘if the same shall be a day of jurisdic- tion; otherwise on the next day of jurisdiction thereafter.” Thus, by this admirable application of the law by the President, these thirty Spanish gunboats, mostly ready to sail, are tied up till the L4th day of December, and in the interval (on Monday, the Gth of December, ) the two Houses of Congress will reassemble in the national capital. The appointment of the trial by Judge Betts on the 14th, we may therefore assume, has been made in view of the probability of some immediate action by Congress on the Cuban question which may materially simplify the issue before the court. We shall certainly look for some specific recommendations in the President's annual message of a decisive char- acter and of the highest importance, not only in reference to Cuba, but touching also the “manifest destiny” of the neighboring island of St. Domingo, including its yellow republic of Dominica, which speaks Spanish, and its pinok republic of Hayti, which speaks French, arisen from the relations of Richardson toward MoPariand’s wire, om fotress. It will be remem- On the question of faw, if foft to the judg. ment of the court, we apprehond there can be | Indian tribes. gunboats, built and fitted out within the limits of the United States for the purpose of war against the “‘people” of Cuba, with whom we are at peace, must be condemned, as coming under the pains and penalties of a violation of our neutral obligations; and that this conces- sion of neutrality in behalf of a struggling “people” does not necessarily involve the concession of belligerent rights, though it may toa great extent answer the same purpose, This will be a hard nut for the British govern- ment to crack in reference to the belligerency involved in those Alabama claims. It may be said that in diplomatic parlance we may as well speak of the people of Scuth Carolina as the people of Cuba ; but it must be remembered that while our neutrality is shaped by the laws of Congress, the rules of belligerent rights are drawn from what is called the law of nations. We may say, too, that in reference to this sort of law the United States, under General Grant's administration, will be apt to turn over a new leaf, inasmuch as the law of nations as it stands is too often a con- venient pretext for aggressions upon weak nations by strong ones, and too much a shield for the exploded ‘‘divine rights” of kings. Mexico, under the law of nations, was invaded and occupied by France. The inva- sion, however, was based on a shallow pre- text, and the occupation was an outrage upon the Mexican people and an insult anda menace against the United States. We could not, however, go to war with France about it; but by a liberal application of the rights of a “people” we compelled Napoleon to with- draw his army and leave the Mexicans to govern themselves. Our government held fast to President Jaurez as representing the rightful government of Mexico, although that government for a considerable time was almost driven from the soil of Mexico and located for the personal safety of Juarez and his Cabinet at El Paso, upon the borders of the United States. But thus this Mexi- can question was settled, and with its settlement Napoleon, relieved of a bad bar- gain, was happy in re-establishing the old entente cordiale between this country and France. So it will be with Spain in relieving her of this bad bargain of Cuba. Our Mexican diplomacy will meet the case. Spain has ful- filled her mission on this Continent, and, though reduced in her possessions to Cuba and Porto Rico, she has become an incubus on both these islands, and she must and will be removed. Nations, like men, have to be taught to yield to the universal law of growth, maturity and decay, and with Spain the sur- render of Cuba will only be the last of her lessons of decay on this Continent. It is ‘“‘man- ifest destiny.” General Grant understands it; and his forthcoming message to Congress will doubtless result fn a speedy solution of the difficulty. The New Dominion—The Revolution. Every day is bringing us fresh news regard- ing the revolutionary elements that exist in the New Dominion, In the Canadas and the Bri- tish territories generally peace for many years was undisturbed. The Fenians, it is true, not very long since gave them some annoyance; but it was temporary and trifling. The real difficulty was commenced by the consolidation scheme. Great Britain has grown tired of her colonies, She feels and confesses that they are burdensome. A new policy has been inaugu- rated. Qne result of that policy has been re- vealed in New Zealand. The home government refuses to grant either men or money. The colonists are being butchered by the Maoris in consequence. The colonists, indignant, threaten to call on the United States or some other civil- ized Power for help. Lord Clarendon, the most sagacious British statesman of the hour, has sounded the note of alarm and condemned the econumical policy. Another result is the revolutionary condition of the New Dominion. As we have said, all was well so long as encroachments were not made on the independent settlements lying outside of the circle dominated by the civilized and organized settlements. Encroachments have begun—encroachments rendered neces- sary by the new policy—and the immediate consequence is rebellion. The disturbance in the Winnipeg territory is much more serious than the public seems disposed to believe. The population is absolutely devoid of British sympathy. It consists mainly of Frenchmen and cross breeds. The French- men have many sympathizers in Quebec and Montreal and surrounding districts, The half-breeds can command the aid of all the A disturbance of any serious character and in any portion of the New Dominion will give the Irish population and the Fenians in the United States their oppor- tunity. Pressure on the disaffected peoples applied by Great Britian will produce the same feeling in this country that compelled Napoleon to retire from Mexico and that -is about to compel Spain to retire from Cuba. This feeling is already beginning to manifest itself, but when it is _properly aroused Great Britain will have no choice but to quietly retire, as she has retired before, and find in the extension of her commerce the wealth which | sho could not find in mere extent of territory. mre. ae, 7, somes Ai Saal treaties beiwoeh the Dominion and the United Statea is vain and foolish. There is only one way of satisfac- torily settling the difficulties between us, What is that one way? It is the extension of the republic—the incorporation of the New Dominion in the United States. America for the Americans ! Disruption oF tHe RePusiican Parry 1N Vineiiis.—The disgraceful scenes in the Republican Convention at Richmond and the withdrawal of the majority of the respect- able white members indicate the disruption of the existin, republican party in Virginia, It is not unlikely that @ new organization may be formed in thut State, embodying all citizens of moderate sentiments who are con- tent to aid in carrying out the views of the adininistration. Farner Hyacmnrig has been heard of at the Vatican, but the Vatican will hear him no more, So far as the Pope and the Ecu- menical Council are concerned this promises | to be the first and the last of Le Pere Hya- cinthe, But the field is large even outside the | Church. the good father is truly brave he will not lose heart, meats. The greatest sensation in Wall strect and among the stock jobbers generally since the famous gold cornering operation of Fisk, Gould, Corbin and others is that now caused by the action of Judge Murray, of the Supreme Court in Delaware ‘county, suspending the Great Moguls of the Erie Railroad as directors, and depriving them of any power over the road and company till its affaira can be investi- gated. The action of the court was the result of a complaint made by a creditor and stockholder of the Erie Railroad, to the effect that its affairs had been grossly mismanaged by these same directors, to the great damage of the complainant and others, The complaint is set forth at great length, and isa very curious document. It goes into the operatic perform- ances and ballet girl amusements and enjoy- ments of some of the directors, with particular reference to Fisk, as well as into the more grave operations of watsring stock and appro- priating it, and kite-flying transactions gene- rally. The parties sgainst whom the injunction was obtained, and who are by the action of Judge Murray restrained from executing their functions as directors of the railroad and its affairs, are Jay Gould, James Fisk, Jr., Frederick A. Lane, Abram Gould, M. R. Simons, George (. Hall, Henry N. Smith and Charles G. Sisson. But, as everybody knows, Jay Gould and James Fisk, Admiral of the red or blue, opera and ballet manager, and generalissimo of theatres and all the theatrical nymphs of the city, are the head of the heap. The others have been only subordinates to these magnates. But they are cunning fel- lows, with forty or fifty millions of inflated Erie stock behind them, and are not to be suppressed easily. Hence we see they have got hold of another’ country judge, more pliable and yielding than Judge Murray, and obtained from him, upon a notice of motion to vacate the ‘order of Judge Murray, an order staying all proceedings, even to the service of papers. Immediately following this Judge Barnard, of this county, also granted another injunction, tying up everything hitherto effected in the judicial way. This ‘latter order was issued in a countersuit brought by Fisk & Co. against Ramsay and all others interested in the suit brought in his name. The complainant in the suit before Judge Murray wants to know what the defendants did with forty-one millions of dollars belonging tothe company. This is a nice round sum of money, and in the hands of the plaintiffs would do a great deal in gold cornering and stock operations as well as in the theatrical busi- ness, The mention of auch a sum would have frightened people here a few years ago, and it only shows the stupendous magnitude to which financial and stockjobbing affairs have arrived and are coming in New York. This suit and the complications into which these Erie Railroad managers are being plunged is but the supplement of their late gold cor- nering scheme. That scheme was got up, probably, to save them from pending compli- cations and difficulties, or, at all events, to enable them to withdraw from Erie after they had squeezed it like a lemon and got all they could out of it, leaving nothing but the dry rind or husk behind. It is possible they may now,stave off for a time the catastrophe by the law’s delay or the uncertainty of the law, and by the ingenious quibbles and subterfuges of lawyers; but right will prevail in the end. Public opinion and the interests of the stockholders and community will not permit such a magnifi- cent work—such a needful and splendid line of communication—as that of the Erie Railroad to be long the shuttlecock of stockjobbing char- latans. Recklessly as principal operations are carried on here, and much as great success, even when of a questionable character, is often honored, it is not likely that such men can flourish forever. They are now, perhaps, at the end of their rope, and these efforts to defeat the law and the stockholders are probably their last and desperate ones to save themselves. All the affairs of this Erie Railroad concern, with the Opera House and theatrical specula- tions, ballet girl entertainments, Long Dock bond job, gold-cornering operation and all the rest of the doings of the Erie managers should be ventilated, in spite of the lawyers and po- litical rings. 1t is to be hoped the present suit will throw a flood of light upon the whole, so that the public may know all about them. The Custom House Frauds. We have received from Mr. H. A. Smythe a letter in which he says:—“It seems to me the Heratp has reflected unnecessarily severely upon my administration as Collector of the Port, or rather upon Andrew Johnson and his surroundings, for frauds commenced and carried into effect before our time. Mr. Blatchford was in the Custom House long before I was, and these deceptions were con- cocted and concurred in by the Revenue and Treasury Department clerks as well. Much as I deplore and feel them, I do not see where I was at fault, and President Johnson still less so.” Now there is no doubt that Presi- dent Johnson was ignorant and innocent of the Custom House frauds, How could he know anything about them? He was too busily engaged in ‘fighting for the constitution” 2 at and inquire into the subi-~’ The } ee a ‘ey were Yaa Mtwa Deeme™ iéawng rogues 2 ewiowe delighted at his being thus absorbed in ‘‘fight- ing for the constitution.” Losing sight of everything else in the dust and heat and sound and fury of that memorable fight, Andrew Johnson could not see that Thurlow Weed and the rest were eagerly seizing opportunities to pounce on plunder, in the Custom House, in the Post Office, and right and left, wherever it could be found. Nor could Mr. Smythe be expected to see any more clearly what tricks the rogues were up to; for was he not also absorbed in helping Mr. Johnson ‘‘to fight for the constitution?” But General Grant, as soon as he hecame President of the United States, began at once to bore for frauds, All know how quickly he “struck He,” and how inexhaustible the supply of awful disclosures seems at~ present to be. The foundation for the extensive frauds which have recently been disclosed was laid long before Mr. Grinnell became Collector of the Port, and it would therefore be‘ useless as well gs unfair to make them a pretext for removing him. On the contrary, he should be retained expressly in order to continue the willing and efficient aid which he has lent to the investigations now in progress, x 1 1m | dered that MoFariand wounded Richardson about | only one doelsion, to wit:—That these thirty | Tee Erle Ballrend Case—Curlows Develop- | The Decline t= Gold-—ticed Effects of Gen- eral Grant’s Polley. The remarkable decline in gold—the price yesterday touching 124}, the lowest since the year 1863—is the fruition of the policy which General Grant inaugurated when he delivered his brief and simple address on the 4th of March last. The promise’which he then made of reducing the expenditures and of faithfully gathering the revenues of the government is being fulfilled in the falling of the price of gold, which is but the financial sign and index of the increasing credit and stability of the government. The practical effects of his policy are now quite visible, since the smashing of the gold ring and the breaking up of the Wall street combina- tions that were formed in mid-summer to ad- vance the price of the precious metal. It will be remembered with what delight his enemies then pointed to the rise in gold as a proof of the weakness of his efforts. The gold gamblers were the sole cause of the upward movement, and in pushing it onward aban- doned themselves to the belief that they pos- sessed the power to undo all the good work which General Grant set out to perform. His simple order to sell a few millions from the Treasury ruined their fond anticipations and dissipated the gold corner in the most effectual manner. ” The results of General Grant's policy are all the more remarkable for the reason’ that in taking hold of the reins of government he was encumbered by the abuses bequeathed to him from the previous administration. Before setting his own plans in operation he was under the necessity of righting what was wrong in the various departments, He had to unearth and put an end to all the various frauds and schemes of corruption “clinging to the appointments of the former régime, and make a general clearing out of the public offices. The formidable conspiracy which attacked the gold market was an obstacle for a time to the operation of his plans, but he event- ually triumphed, as the apparent discredit of the government finances implied in the rise in gold was the result of artificial influences only, which had in the long run to succumb to natural causes, The good results of his honest determination to faithfully collect the revenues and to retrench the expenses of the government are at length reflected jn the gradual and steady but sure appreciation of the national credit. Under the circumstances of our present political situation gold is a commodity whose price depends, on the one hand, upon the condition of the national credit, and, on the other, upon the relations of our foreign trade. The burden of the public debt is not necessarily an insurmountable obstacle to the resumption of specie payment for the government currency. Otherwise England would never have returned to specie payments. It is only sufficient to assure the national creditors of the honest intentions and ability of the government to meet its obligations in order to restore per- fect confidence, This portion of the plan General Grant has assumed as his special duty. The commercial value of gold is settled by the laws of demand and supply. According ag the balance of trade is for or against us will gold be in demand for export. Gold, after all, is not the real currency of the business world. There is not gold enough in the world to suffice for all the transactions of commerce. Signs of value, such as checks, bills of exchange, drafts and bank notes, are the real vehicle of business operations, Between different countries gold is essential simply a8 a means of settlement for the differ- ence in value between the imports and exports, Now, General Grant on his side is doing what is proper to restore the national credit. Eoon- omy among the people and production in excess of consumption will contribute what is needed to complete the work. The Saez Canal—Commercial Revolution. The successful completion and opening of the Suez Canal has already produced a decided effect on one of the most important and influ- ential commercial interests in the world—the shipping trade of Great Britain. We learn by cable telegram from London that the opera- tion of the new transit route between Europe and Asia has caused a ‘‘serious depreciation in freights to and from India and China around the Cape of Good Hope” in the British markets. This is the initial of that vast change in the current of commerce which we anticipated would ensue from the Suez Canal enterprise ; but we must confess that we did not expect Its consequences would be felt so soon at the very heart centre of the first estab- lished and richest marine monopoly ia the universe, If the incipient throb is so power- fal, what will be the force of the great julsa- tion when the reawakened and tewly developed interests of Asla commence to pour the flow tide of their wealth through the new affluent to San Francisco and New York by steamships and the Pacific Railroad, for a first aggregation and subsequent distrikution to the other parts of the world, and whin we come to report to Queen Victoria almost daily from the Hzraxp building, by de a eable telegrams, the of ber fro in Hin- “ape dostan, and 4 the Barl of Shaftesbury of =a Date} kite prospects of his friends in Africa? Where and how wil the revolution end ? oi pS Secetmetlte war Evacuation Day. The eighty-sixth auntvarsary of the evacua- tion of New York by the Britlah troops was yesterday celebrated with unusual “pofip and circumstance.” From sunrise to sundown the display of flags on public and private build- ings and on the vessels, American and foreign, n the harbor rivalled that of the Fourth of July, which is scarcely more worthy of being observed as a national holiday, although New York has thus far monopolized the 26th of November as a local festival. The Fire Department parade, with ite splendidly burnished engines and well-groomed horses, its bands of music and the martial air of its members, wha were reviewed by Mayor Hall at the corner of Fourteenth street and Fifth avenue, was particularly fine. The parade of the militia, under command of Gen- | eral Shaler, was participated in by the First, Second, Third and Fourth brigades of Infantry, the First brigade of cavalry and six Brooklyn regiments, and was very imposing. The mili- tary was also reviewed by the Mayor and tho municipal authorities. The bright, bracing weather and tho excellent condition of the . streets were highly favorable for marching. For many years Evacuation Day has not been 40 patriotically honored by our citizens, ‘The New Democratic Exposition and Pro- gramme. In another place in the Heratp will be found a most interesting article on the coming political programme of the democratic party, with regard not only to important local ques- tions, but embracing all the salient points of controversy involved in the Presidential cam- paign of 1872. The article referred to is de- serving of most careful perusal, as well by our general readers as by those who make the policy of leaders in State and national affuira a matter of special reflection and study. It is the result of an interview between a HeraLp reporter and Mr. Peter B. Sweeny, Chamber- lain of the city, and the admitted and recog- nized leader of the Tammany Regency. Thongh not speaking altogether for the party, and, indeed, disclaiming against his utterances being do accepted, Mr. Sweeny’s exposition of the political programme [will be taken substan- tially as that of the new Regency, and as such is subject to party and general criticism. In comprehensiveness the articlo is all that the most thorough political Gradgrind could desire. Not only are facts—stubborn things in them- selves—copiously interlarded, but they are, be- sides, stubbornly advanced and relied upon in making out the whole case of democracy versus republicanism in this State. It is true that the demooratio party has gained a temporary ascendancy from the result of the late State election, and that the party is now represented. by a majority in the three branches of the State government—by a democratic Governor and a democratip Legislature and Judiciary. The Regency must, however, bear in mind the fact that its late triumph was accidental— more meretricious than real—that the State election in November went by default as against the republicans, and that the victory was not so much attributable to democratic gains as to republican desertion, for the reason that it presented no question invested with importance from a national standpoint to call forth a decided vote. In this connection it is needless to call attention to any of the more paramount causes for this defection to party and principles on the part of the republicans throughout the State. That there were causes patent to all itis sufficient to intimate to be understood. But what is the position of the democratic. party to-day as represented by the Tammany Regency? With some few exceptions the sub- ordinate leaders of the party were particularly noticeable in the past for their partisan opposi- tion to the war—an opposition that compelled many of their best men to abandon the party and to throw their political fate into the same scale which was to decide the fate of the nation. But still among those who, while clinging to the old ship of State, tena- ciously, through good and bad repute, adhered to party, were some of the leading men of to-day in Tammany politics, such as Mr. Sweeny, Mayor Hall, Mr. Tweed and a few others. It is hardly necessary to remind these gentlemen that a faithful observance of all our wanobli- gations is a cardinal article of faith with the whole people of the country, and that the slightest deviation therefrom in theory or practice ought and must be fatal to the party advocating or permitting it. Mr. Sweeny, it will be seen from the reading of the ‘political horoscope” cast by him, does not flinch from the question. He refers to it incidentally, it may be, but with sufficient cléarness fo sustain and justify his war record, which was, first and last, in council and in acts, in support of the government and against the leaders of the rebellion. It is not, there- fore, likely—accepting him as the exponent of the coming policy of the party—that the democracy, in this its first flush of victory, will wreck itself upon the quicksands which annihilated the federal party at the time of the last war with Great Britain. Mr. Sweeny gives his conclusions and opinions in anticipa- tion of the coming political programme for “what they are worth.” No doubt they have deeper import than these disqualifying words would imply; but at any rate as the opin- ions of the recognized leader of the party in the State, they will have great’ effect in pre- paring the minds of the people for the course of policy to be pursued in the coming Legisla- tare and in the Presidential contest of 1872. CE alces Lesson of the Erle FinscomThd Duty of Congress. eal The story of railroad management told in the complaint of Joseph H. Ramsey against certain directors of the Erie Railway Com- pany is one of common humiliation to the com- munity. Itis a reproach to public sentiment that such facts as are there recited were even possible; anditis a broad indictment of, our administration of justice that such abuse should have been so long without a remedy. Here we see the owners of certain property complaining that their stewards, the persons entrusted with the management of the pro- perty, have ousted the owners of all control over it—have practically made it their own by fraudulent acts—and we see these owners com- pelled to declare that the courts of this country give them no protection from such flagrant wrong. This is the whole issue, although o nines of directors, slockholdeks, &c., tond | to confuse the case 10% the Revere The com- plaint, for instance, that i24 4itgctors bave increased ‘the common stock of the cv a from thirty-four to seventy millions of dollars, while the property itself was not in any degree increased in yalue, is a complaint that they have robbed every shareholder of just half the value of évery share he held and put the money in their pockets; for this is what the proceedings amount to when certificates of value are doubled in number while the valine itself remains the same. While it is the concern of the whole commu- nity that the transactions exposed in this case should be properly rebuked, there {s some- thing more. We may hold sharpers responsi- ble for the acts they commit, but society itself becomes responsible before the world when it neglects to take every proper precaution to shield property from the depredations of such fellows. Is not that our case at present with relation to railroads? Is not that species of property now in a position to invite, encourage and even assist the operations of unscrupu- lous adventurers? It is a wise thing when society puts the fountains of power and the tribunals that should protect men's righte